Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LU HONG LIANG
   2. Issuer Name and Ticker or Trading Symbol
UTSTARCOM INC [UTSI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1275 HARBOR BAY PARKWAY, SUITE 100		 3. Date of Earliest Transaction (Month/Day/Year)
02/27/2009
(Street)

ALAMEDA, CA 94502		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2009   M   33,333 A $ 0 2,964,366 (5) D  
Common Stock 02/27/2009   M   66,772 A $ 0 3,031,138 D  
Common Stock 02/27/2009   D   150,000 D $ 0 3,181,138 D  
Common Stock 02/27/2009   A   50,000 (9) A $ 0 3,231,138 D  
Common Stock 03/02/2009   S   20,085 D $ 0.93 (10) 3,211,053 D  
Common Stock 03/03/2009   S   39,758 D $ 0.78 (11) 3,171,295 D  
Common Stock               229,000 (6) I (6) By Partnership
Common Stock               91,275 I (7) By Trust
Common Stock               38,725 I (8) By Trust
Common Stock               5,332 I By Daughter
Common Stock               5,332 I By Son

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/27/2009   A   88,061     (2)   (2) Common Stock 88,061 $ 0 88,061 D  
Restricted Stock Units (1) 02/27/2009   A   176,121     (3)   (3) Common Stock 176,121 $ 0 176,121 D  
Restricted Stock Units (1) 02/27/2009   M     33,333   (4)   (4) Common Stock 33,333 $ 0 0 D  
Restricted Stock Units (1) 02/27/2009   M     66,772   (4)   (4) Common Stock 66,772 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LU HONG LIANG
1275 HARBOR BAY PARKWAY
SUITE 100
ALAMEDA, CA 94502		   X      

Signatures

 /s/ Susan Marsch as Attorney-in-Fact on behalf of Hong Liang Lu   03/03/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.
(2) The restricted stock units vest in installments beginning: 25% on February 26, 2010; and 25% annually thereafter, subject to Mr Lu's continued service to the Company through each applicable vesting date.
(3) The restricted stock units vest as follows: 50% of the shares shall vest on February 26, 2010 and February 28, 2011, subject to Mr. Lu's continued service to the Company through each applicable vesting date.
(4) The resticted stock units vested in full on February 27, 2009.
(5) Includes 2500 shares acquired on May 17, 2008 and 2500 shares acquired on November 19, 2008 under the UTStarcom, Inc. employee stock purchase plan.
(6) Shares registered in the name of the Lu Family Limited Partnership of which the reporting person is a general partner.
(7) Shares registered in the name of the Lu Charitable Remainder Trust of which the reporting person is trustee.
(8) Shares registered in the name of the Lu Family Trust of which the reporting person is trustee and of which the reporting person and his spouse are beneficiaries. The reporting person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
(9) The resticted stock vests as to 25,000 shares on each of February 27, 2009 and February 26, 2010.
(10) The 20,085 shares were sold through separate trades, with the sale prices ranging from $0.860 to $1.00, and at a weighted average sale price of $0.9292. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
(11) The 39,758 shares were sold through separate trades, with the sale prices ranging from $0.750 to $0.862, and at a weighted average sale price of $0.7773. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.

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